American States Water (NYSE:AWR) Issues Earnings Results

American States Water (NYSE:AWR) released its quarterly earnings results on Sunday. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07, MarketWatch Earnings reports. The business had revenue of $124.20 million during the quarter, compared to the consensus estimate of $110.50 million. American States Water had a return on equity of 13.49% and a net margin of 17.38%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS.

Shares of NYSE AWR traded up $0.75 during midday trading on Tuesday, reaching $77.65. The company’s stock had a trading volume of 2,542 shares, compared to its average volume of 154,510. American States Water has a 12-month low of $65.11 and a 12-month high of $96.64. The firm has a 50 day moving average price of $80.03 and a 200-day moving average price of $77.24. The stock has a market capitalization of $2.86 billion, a P/E ratio of 34.33, a PEG ratio of 6.96 and a beta of -0.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.15.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be paid a $0.335 dividend. The ex-dividend date is Friday, February 12th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.73%. American States Water’s payout ratio is presently 62.91%.

A hedge fund recently bought a new stake in American States Water stock. OLD Mission Capital LLC bought a new position in American States Water (NYSE:AWR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. Institutional investors own 69.39% of the company’s stock.

About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.

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Earnings History for American States Water (NYSE:AWR)

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